Cost of Living Comparison for Akron, OH
Updated 2026 · Local data pre-filled
Akron's cost of living index is 83 — 17% cheaper than the national average. This factors in housing, groceries, utilities, transportation, and healthcare. Use this calculator to see how your purchasing power would change if you moved to another city.
✓ Calculator below is pre-filled with Akron local data
How Akron Compares to the National Average
Understanding how Akron stacks up helps you calibrate your financial planning.
| Metric | Akron, OH | US Average | Difference |
|---|---|---|---|
| Median Home Price | $155,000 | $420,800 | -63.2% |
| Median Monthly Rent | $820 | $1,713 | -52.1% |
| Median Household Income | $50,800 | $74,580 | -31.9% |
| Property Tax Rate | 1.60% | 1.10% | +45.5% |
| Cost of Living Index | 83 | 100 | -17.0% |
Sources: U.S. Census Bureau, BLS, Zillow, NAR (2024–2025). Green = favorable for residents; red = less favorable.
Akron Financial Snapshot
- Population (Metro)
- 700,000
- Unemployment
- 5.0%
- Avg Commute
- 22 min
- Median Age
- 36.6
- Price-to-Rent Ratio
- 15.8x
- Annual Property Tax
- $2,480
Cost of Living Comparison in Other Ohio Cities
Frequently Asked Questions — Akron
What is the median home price in Akron, OH?
The median home price in Akron is $155,000 as of 2025–2026. This is below the national median of $420,800.
What is the average rent in Akron?
Median monthly rent in Akron is $820. That works out to $9,840/year, or 19% of the median household income — within the commonly recommended 30% of income guideline.
Is Akron affordable?
Akron's cost of living index is 83 vs. the national average of 100. With a median household income of $50,800/year and a median home price of $155,000, the price-to-income ratio is 3.1x. Akron remains relatively affordable compared to many US metros.
What is the property tax rate in Akron?
The effective property tax rate in Akron is 1.60% of assessed value. On the median home of $155,000, that's roughly $2,480/year ($207/month).